Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- Cairns & Surrounds
- State
- Queensland
- Price
- $299,000 + SAV
- Category
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Subway Townsville! Recent Store! Near $1million Turnover! Potential+++!!! Priced to Sell!
$299,000 + SAV
Cairns & Surrounds Region, Queensland
Subway Townsville! Recent Store! Near $1million Turnover! Potential+++!!! Priced to Sell!
Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.There are presently in excess of 1,300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model
This Subway franchise is located in a highly visible location on the outer reaches of Townsville.
Some business features include:
LONG Lease - Expires Sept 2028 + 2 x 5 year options
Rent - $7,271 per month + Outgoings of $1,690 approx. excluding G.S.T.
There is a rental bond of 6 months rent + outgoings (non-negotiable)
Business size is 127m2 with an outdoor area
Franchise term is a new 20 year agreement
The restaurant is not expected to have a major remodel until 2032
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Turnover is estimated around just short of the $1,000,000 vicinity (FY2024) with No / minimal 3rd Party Deliveries! (potential to introduce)
SAV (Stock At Value) is approximately $10,000
Trading hours range 7.00am - 9.00pm. There is the possibility to 24 hour trade in this location
Staffing is currently a Supervisor + 11 casual Sandwich Artists (varies)
Owner's hours Nil
Reason for selling Relocation to Brisbane
Return to a full-time owner operator is in the vicinity of $140,000 EBITDA (FY2024) with HUGE upside!
Finance of up to 60% could be available to approved applicants.
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
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Last updated: 1st October 2024
Agency
Business Brokers Network
Contact
Reg Butler
Business Brokers Network- 0438 1....
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